read the description of an economic system in an imaginary country. the national government built all the…

read the description of an economic system in an imaginary country. the national government built all the transportation systems. the government determines where the train will go and how much each trip will cost. all people who work on the train system mechanics, drivers, ticket sales, or cleaners are employed and paid by the national government. all citizens of this country “share” ownership of the train system. which statement explains why this is a description of a socialist economy? the people control the means of production. the government makes the economic decisions. the economy operates on prioritizing the individual. the law of supply and demand controls the economy.

read the description of an economic system in an imaginary country. the national government built all the transportation systems. the government determines where the train will go and how much each trip will cost. all people who work on the train system mechanics, drivers, ticket sales, or cleaners are employed and paid by the national government. all citizens of this country “share” ownership of the train system. which statement explains why this is a description of a socialist economy? the people control the means of production. the government makes the economic decisions. the economy operates on prioritizing the individual. the law of supply and demand controls the economy.

Answer

Brief Explanations:

In a socialist economy, the government often plays a major - role in economic decision - making. Here, the government built the transportation system, determines operations and employment. It is not the people directly controlling the means of production in the described scenario. Also, socialism does not prioritize the individual over the collective, and the law of supply and demand is more characteristic of a market economy.

Answer:

The government makes the economic decisions.